HALLIBURTON CO — Director's Dealing 2007

May 17, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HALLIBURTON CO (HAL)
CIK: 0000045012
Period of Report: 2007-05-16

Reporting Person: LESAR DAVID J (Director, Chairman, Pres. and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-16	Common Stock	M	33333	$13.015	Acquired	1364704.51	Direct
2007-05-16	Common Stock	S	33333	$35.00	Disposed	1331371.51	Direct
2007-05-17	Common Stock	S	16620	$36.00	Disposed	1314751.51	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-16	Option to Buy Common Stock	$13.015	M	33333	Disposed	2014-01-02	Common Stock (33333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy Common Stock	$33.17	2016-12-06	Common Stock (348699)	348699	Direct
Option to Buy Common Stock	$32.39	2015-12-07	Common Stock (180000)	180000	Direct
Option to Buy Common Stock	$22.04	2015-03-03	Common Stock (200000)	200000	Direct
Option to Buy Common Stock	$19.31	2014-12-02	Common Stock (138000)	138000	Direct

Footnotes

F1: The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 1, 2007.

F2: Options disposed of through exercise pursuant to a Rule 10b1-5 trading plan adopted by the Reporting Person on March 1, 2007.